Enter “cash for houses” businesses. These, and other kinds of cash for houses buyers, provide an affordable, fast option for first-time homeowners. They buy homes “as is” which means, in their current state, without any pre-purchase repairs or prepayment. Most often these are investors, although real estate brokers are starting to get in on the action as well. The companies have been around for quite some time but only started becoming more popular in the last five to ten years or so. check over here for more info.
The way it works is that the business will make an offer to the seller on behalf of the investor and that the seller must accept or reject the offer (usually without even bidding). If the seller rejects the offer, then the investor must make an immediate counter offer of some sort and then the process begins all over again. This is why the Buyer’s Club has been such a success in the state. In fact, the property management firms have become such a large part of the housing market that they have opened their own real estate brokerage businesses. In the past, this type of house flipping in the state was done primarily by agents, but now many investors are making house flippers their own, thanks to the internet and other media.
Real estate investing is a very profitable way of making money and gaining financial freedom. There is nothing wrong with using houses in the springtime to flip or rehab them and sell at a profit in the summer, however, the real estate market in particular has a much faster turnover than most other areas. We buy houses in the hopes that we can get them resale value for next to nothing and sell them for more than we paid for them, sometimes even more. The fast track to making money with quick house flips is to pre-qualify a seller before you show up on their doorstep with a check for a flat fee mls.